- Unsurprisingly yesterday’s trading was fairly muted due to the US and Canadian Bank holidays, coupled with the usual lack of European data on a Monday.
- The only key data release came in the form of UK Construction PMI which at 51.1 fell short of the expected reading of 52.1. That was also the lowest reading in a year, with the slowdown attributed to reduced levels of commercial work.
- A spokeswoman for UK PM Theresa May said the UK was ready to intensify Brexit talks with the EU, however nothing had been formally agreed as yet.
- Eurozone PPI m/m 0.0% (0.1% Exp)
- The Reserve Bank of Australia kept interest rates on hold at1.50%.
- The RBA said the strong Aussie Dollar was still weighing on economic growth, inflation and employment, but the low level of interest rates was providing some support for the economy.
- UK BRC Retail Sales y/y +1.3% (+0.9% Previous)
- Australia Current Account -9.6Bn (-7.9Bn Exp)
- Swiss CPI m/m 0.0% as expected
- Key data this morning will be UK Services PMI due at 9.30am.
- This afternoon, no headline figures as such but we will hear from a number of US Fed speakers.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|10.00||EUR||Eurozone Retail Sales m/m||-0.2%||0.5%|
|10.00||EUR||Eurozone Revised GDP q/q||0.6%||0.6%|
|10.10||AUD||RBA Gov Lowe Speaks|
|13.00||USD||FOMC Member Brainard Speaks|
|15.00||USD||Factory Orders m/m||-3.3%||3.0%|
|TBC||NZD||GDT Price Index||-0.4%|
|18.10||USD||FOMC Member Kashkari Speaks|